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Temasek cancels RM1.3b project with Penang

Singapore’s Temasek Holdings has canceled an RM1.3 billion business outsourcing project (BPO) with the Penang government, New Straits Times reported today. The daily cited an unnamed spokesman for the Singapore sovereign wealth fund attributing “market conditions” for dropping the development. “Temasek and its partners, PDC and EDIS have carefully deliberated ... Read More

KPKT to work with financial providers to address loan rejections by banks

To ease the housing glut which mainly arises from loan rejection, the Housing and Local Government Ministry (KPKT) is looking to work with financial providers other than banks to provide home loans. Its deputy minister Datuk Raja Kamarul Bahrin Shah Raja Ahmad Baharuddin Shah (pictured) said there is still demand ... Read More

Sunway Cassia – A Nature-inspired Neighbourhood

Sunway Cassia is a nature-inspired neighbourhood with 6 thematic parks by Sunway Property in a desirable vicinity of Batu Maung, Penang. A region earmarked for infinite growth with the proposed Penang South Reclamation and new highways in Penang Transport Master Plan (PTMP). The final phase of Sunway Cassia comprises 48 ... Read More

The most popular property types among Penang homebuyers

Here are the property types in Penang that homebuyers could afford and what potential buyers searched for. We have mapped down the popular property types that homebuyers and potential buyers could afford. Highlights The most popular built-up size for homebuyers ranges from 901 sf to 1, 500 sf. The most ... Read More

Penang east seafront transformation to start in six months

The Penang government is looking forward to a new public promenade for visitors to enjoy the scenic view of Weld Quay in the proposed East Seafront Project. Penang Local Government, Housing, Town and Country Committee chairman Jagdeep Singh Deo said the East Seafront Project was undertaken by the George Town ... Read More

LOCK & WIN: RM2,000,000 worth of prizes by Mah Sing

Mah Sing, with their tagline of “reinvent spaces, enhance life” continues to live up to their belief that excellence is achieved by upholding basic principles a company is built upon. These statements are at the very core of everything they do and they will continue to set milestones as one ... Read More

Penang’s most popular new residential projects among HK investors

With the ongoing demonstrations in Hong Kong, we have heard much news about the spike in interest in Malaysian property from Hong Kong. You must be wondering do we see similar trends in Penang? Here is a snapshot of PenangPropertyTalk.com’s (PPT) monthly visits from Hong Kong. Obviously, the total number ... Read More

Penang to blacklist developers who force buyers to take up extras

Housing developers in Penang have been warned not to force their buyers pay beyond the fixed prices for low-cost (LC), low medium-cost (LMC) and affordable housing units. Developers who failed to comply with the warning could result in them getting blacklisted. State Local Government, Housing, Town and Country Planning Committee chairman ... Read More

Taman Keramat Permai – Phase 2

Taman Keramat Permai, a landed residential development by Galiancon Development Sdn. Bhd. at Nibong Tebal. It is located along Ipoh-Butterworth federal road, diagonally opposite Boon Koon Groups' headquarter. Accessiblity wise, it about 5km drive from Jawi toll plaza, less than 20 minutes to Batu Kawan. The second phase of this housing scheme ... Read More

Real estate agency raises alarm over unlicensed reps

Over 100,000 real estate agents are operating without a licence in the country, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said. According to the New Straits Times, unlicensed agents outnumbered their authorised counterparts by more than three to one. “While we have seen some reduction over the ... Read More